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How to Buy a Certified Pre-Owned Vehicle |
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While buying a certified pre-owned vehicle is similar to
buying any used car, there are significant differences you should be aware of
before you go shopping.
First of all, you should know that not all certified used car programs are the
same. Review the different manufacturer's certification programs to see which
one offers the most complete coverage. You should carefully check what the
certification means and what the warranty covers.
Once you have chosen the make of vehicle you want to buy, you can begin
shopping. Many dealerships will have Web sites listing their inventories and
the certified used cars that they have for sale. For more information about
these cars, you can e-mail the Fleet manager or call the dealership to verify
basic details about the car.
Once you are on the lot, find out exactly what has been inspected on the
vehicle you are considering. Ask to see the actual inspection report for that
specific vehicle. Make sure the vehicle inspection report matches the vehicle
you want to buy.
Even though the car has passed inspection by a factory-trained technician, it
is important that you test-drive and look over the car thoroughly yourself.
Now it's time to price and negotiate to buy the certified used vehicle. This
price will be higher than the dealer retail price. Use the TMV price as a
benchmark for negotiations. For more on negotiating for a used car, see
10 Steps to Buying a Used Car.
When you sign a purchase contract for your used car, make sure you receive
proof that the car is under warranty. Also, since the car is certified, the
cost of this program is included in the purchase price of the vehicle. In other
words, there shouldn't be a separate charge for an extended warranty or for
certification. |
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